A transaction used as a protective manoeuvre intended to reduce the risk of loss from price fluctuations of securities.
The highest price that was paid for a stock during a certain period. For example, the high for the day was $80, but the high for the year was $120.
A company that owns the securities of another company, usually with voting control.
Purchasing either a call or put option and simultaneously selling the same type of option with the same strike price but a different expiration month.
To pledge securities as collateral for a loan.
The information contained herein is considered accurate at the time of posting. CIBC and CIBC World Markets Inc. reserve the right to change any of it without prior notice. It is for general information purposes only.